Oct 5, 2012 4:00am PDT
been arrested in a mass case of medicare fraud. fbi raids in 9 cities led to the arrest of doctors, nurses and other healthcare professionals. the crimes scammed an estimated $432 million from medicare. a majority of the fraud took place in miami. other cities hit include chicago, detroit, baton rouge, l.a., new york, tampa, dallas, and houston. those arrested are being accused of false billing. "these alleged actions represent an alarming, and unacceptable, nationwide trend of individuals attempting to exploit federal healthcare programs and, collectively, to steal billions in taxpayer dollars for personal gain." that was attorney general eric holder. holder calls the fraud case one of the largest medicare fraud schemes ever. american airlines is addressing its flight problems. the airline said yesterday that it has inspected 48 boeing 757s in its fleet and is fixing loose seats on some of them. all of the planes are back in service. this week, rows of seats became loose on 3 flights and resulted in 2 emergency landings. during the next few weeks, federal regulators will work with
Oct 9, 2012 4:00am PDT
to stay strong. > > thanks for the update. phil flynn. bp is selling a texas city refinery to marathon petroleum. the deal will be worth around 2.5 billion dollars. this brings bp one step closer to its goal to sell off some assets in an effort to cover costs of the deepwater horizon spill. bp plans to sell off 38 billion dollars in assets by next year. greece is bracing for a big day. german chancellor angela merkel is paying a visit to athens. two of the largest unions there are calling for massive walkouts in the afternoon so workers can protest her visit. however, rallies will be banned today. emotions have been boiling over as greek citizens deal with layoffs, pension cuts and other austerity measures merkel and others in the e.u. are demanding. greece needs severe cuts in order to get another bailout to keep operating. stay tuned. as mentioned earlier, there have been more reports of friction at foxconn. foxconn is denying allegations of worker strikes following reports that thousands of employees struck friday. last week, the alleged strike stopped production on the latest iphon
Oct 4, 2012 4:00am PDT
is the first city to get redbox tickets. for the forth year in a row, there's no baby boom. fewer babies were born this year. it's been a trend since the recession hit. prior to 2008, birth rates had risen steadily since the early 90s. however, since the economy tanked, baby births have declined. still to come, some surprise hits are helping bring audiences back to the box office. that's later in movies and money. but first, groupon's shares have dropped dramatically in value. we'll hear what some former employees have to say about that. paul eggers reports, next. lifelock is one of eight companies launching ipos this week. the identification company had an initial price tag of $9. it closed out its first trading day at $8.36. other companies going public this week include dave and buster's and luxfer holdings, to name a couple. it's the most companies going public in one week since july, with the wall street journal reporting the deals are expected to raise over a billion dollars. in less than one year, online coupon company groupon moved from massively hyped to a mostly forgotten $4 stock.
Oct 8, 2012 4:00am PDT
for joining us today. have a great monday. >>> good morning. city crews and business owners cleaning up in oakland this morning. the damage done during an antiwar protest. >>> we are less than one month away from election day. what president obama will be doing today in his last trip to the bay area ahead of november 6th. >>> and gas hits another record this morning. the steps governor brown is now taking to try to bring things down. it's all ahead on the ktvu channel 2 morning news. >>> good morning. thank you for joining us on this monday morning, october 8th i'm pam cook. i'm hearing a little tiny chance of rain but let's check in with our expert steve paulson. >> unless you are a boat heading out on the pacific, maybe. for us a little cool here this morning and mostly clear skies. highs today come down just a little bit. 60s and 70s. here is sal. >>> steve, good morning. right now traffic does pretty well around the bay as we look at some of the roads. we are off to a nice start on 80 westbound as you head out to the mccarthur maze with no major problems. alsos morning commute look